Nvidia this week revealed that Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are willing to commit up to $500 billion to build AI data centers. The eye-popping figure drew most of the attention, but the more consequential development is Nvidia’s plan to create a secondary market for aging GPUs by guaranteeing a portion of […]
The operator of the largest electrical grid in the United States, PJM Interconnection, will begin cutting power to large data centers during supply shortages starting in June 2027, after an auction for new generating capacity failed to meet demand. The decision, announced this week, marks an escalation in the struggle to balance the explosive growth […]
Three years ago, Sequoia partner David Cahn was one of the first to put a hard number on Silicon Valley’s enormous AI infrastructure bet. In 2023, he calculated that $200 billion in revenue would be needed to justify Nvidia’s $50 billion in GPU revenue and the associated data center costs. Today, that figure has ballooned. […]
SpaceX is set to go public on Friday with a $75 billion stock offering that is reportedly deeply oversubscribed, with some institutional investors committing as much as $10 billion for a piece of Elon Musk’s empire. But beneath the excitement lies a sobering reality: the company’s bankers have valued it at nearly $1.8 trillion, a […]
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